Philippines biz execs have most optimistic outlook in SEAsia

MANILA, Philippines — Business executives in the Philippines have the most optimistic outlook on the economy in the Southeast Asian region this year, the latest survey of Grant Thornton showed. 

Grant Thornton’s International Business Report (IBR) showed optimism in the Philippine economy for this year was at net 66 percent, the highest in Southeast Asia. 

This was followed by Indonesia at net 61 percent, and Vietnam and Malaysia both on the third spot at net 38 percent. 

The report showed two-thirds of business executives surveyed in the Philippines are very optimistic about the local economy as they expect to generate more revenues, charge more for their products, and hire more employees. 

In particular, 70 percent of business leaders in the Philippines expect revenues to rise this year.

Read more: The Philippine Star